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Versus Systems Inc. (VS)

USD1.66 +0.04 (+2.47%)
CA NASDAQ Technology Software - Application
Address 1558 West Hastings Street V6C 3J4
Vancouver, BC, CA
CEO Luis Claudio Goldner
IPO 2012-08-13
CIK 1701963 ISIN US92540Q1067

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Also trades on NASDAQ Capital Market · VS (USD) NASDAQ Capital Market · VSSYW (USD)
Description

Operating across the United States and Canada, Versus Systems Inc. provides a business-to-business software platform. Their primary product, eXtreme Engagement Online, enables clients such as professional sports organizations, live event producers, and video game publishers and developers, along with other interactive media creators, to embed real-time prizing and incentives within their content. These rewards are typically earned through the completion of challenges and various other user engagement features. The company primarily distributes its platform access and service packages via its internal direct sales force. Versus Systems Inc. maintains its head office in Vancouver, Canada.

Market Cap & Enterprise Value
Merger & Acquisition History
Target company Ticker Date Filing
Versus Systems Inc. VS 2024-02-16 View
Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD1.66 +0.04 (+2.47%)
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Volume Profile
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Liquidity & share structure
Average Volume
104.9K
Beta
1.35
Float Shares
1.76M
Free Float %
35.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% -4.92% -4.13% +21.19% -20.00% -4.92% -43.69% -88.29% -99.93% -99.70% -99.71%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (1 ratings, all time) Hold
Price Targets & DCF
Current price
1.66
Low 3.00 +80.7%
Consensus 3.00 +80.7%
Median 3.00 +80.7%
High 3.00 +80.7%
Ratings Trend (MoM) 0% Bullish
Rating 2025-03 Change
Strong Buy 0 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Price Target Summary
Period # Analysts Avg Target
Last Month
Last Quarter
Last Year
All Time 3
14.00
+743.4%
Quality scores
Altman Z-Score
-112.13
Distress
Piotroski F-Score
3 / 9
Average
MOAT Score
0 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Software - Application: +13.0%
    +2,550.3% Q1'26: -93.9% (vs Q1'25)
  • EPS growth Software - Application: +28.6%
    +83.3% Q1'26: +50.1% (vs Q1'25)
  • FCF margin FCF growth · Software - Application: +45.3%
    -114.6% Q1'26: +832.3% (vs Q1'25)
  • EBIT margin Software - Application: +9.4%
    -99.0% Q1'26: -4,732.3% (vs Q1'25)
  • ROIC Software - Application: +7.5%
    -155.4% Q1'26: -421.6% (vs Q1'25)
  • Share dilution Software - Application: +0.0%
    +86.5% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×
    0.00× Q1'26: 0.00× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.29) × ERP
WACC = 100% × Ke + 0% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 1.66
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Revenue
650.7K
est: 848.3K (-23.3%)
1.77M
est: 11.46M (-84.6%)
979.6K
est: 674.4K (+45.3%)
1.49M
est: 1.40M (+6.6%)
359.4K
est: 481.9K (-25.4%)
82.4K
est: 88.6K (-7.0%)
2.18M
est: 2.04M (+6.9%)
EBITDA
-6.31M
est: -848.3K (-643.3%)
-5.66M
est: -11.46M (+50.6%)
-19.56M
est: -674.4K (-2,800.8%)
-14.41M
est: -1.40M (-930.8%)
-5.38M
est: -481.9K (-1,017.1%)
-6.53M
est: -88.4K (-7,278.6%)
-2.16M
est: -2.04M (-6.0%)
EBIT
-8.81M
est: -848.3K (-938.5%)
-7.61M
est: -11.46M (+33.6%)
-22.55M
est: -674.4K (-3,244.0%)
-18.48M
est: -1.40M (-1,222.2%)
-8.66M
est: -481.9K (-1,696.0%)
-6.53M
est: -88.4K (-7,281.3%)
-2.16M
est: -2.04M (-6.0%)
Net Income
-9.42M
est: -311.31M (+97.0%)
-8.79M
est: 79.22M (-111.1%)
-22.75M
est: -533.60M (+95.7%)
-30.20M
est: -295.95M (+89.8%)
-12.63M
est: -363.23M (+96.5%)
-5.81M
est: -7.96M (+27.0%)
-1.79M
est: -5.66M (+68.4%)
SGA
2.42M
est: 20.98M (-88.5%)
2.53M
est: 283.47M (-99.1%)
15.40M
est: 16.68M (-7.7%)
15.91M
est: 34.57M (-54.0%)
7.41M
est: 11.92M (-37.8%)
6.20M
est: 2.21M (+179.9%)
5.87M
est: 51.05M (-88.5%)
EPS
-235.35
est: -118.45 (-98.7%)
-182.05
est: 30.14 (-704.0%)
-308.16
est: -203.03 (-51.8%)
-259.18
est: -112.61 (-130.2%)
-13.84
est: -138.20 (+90.0%)
-2.21
est: -1.62 (-36.0%)
-0.37
est: -1.16 (+68.0%)
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-15 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-14 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-13 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-12 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-11 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-05-08 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-05-07 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-05-06 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-05-05 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-05-04 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-05-01 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-30 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-04-29 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-28 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-27 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-24 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-23 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-22 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-21 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-20 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-17 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-16 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-1.13M
OE per share TTM
-0.23
Owner's Yield
-19.80%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
22.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
11
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 Cronus Equity Capital Group LLC 15.84M 40.00% 15.84M 15.84M OO 2023-12-07
2 Paul Feller 15.84M 40.00% 15.84M 15.84M IN 2023-12-07
3 Jeff Easton 2.45M 9.90% 2.45M 2.45M IN Delaware 2023-10-20
4 Lind Global Fund II LP 2.45M 9.90% 2.45M 2.45M PN Delaware 2023-10-20
5 Lind Global Partners II LLC 2.45M 9.90% 2.45M 2.45M OO Delaware 2023-10-20
6 Wasatch Advisors, Inc. 87-0319391 1.58M 5.60% 1.58M 1.58M IA 2022-10-11
7 L1 Capital Global Opportunities Master Fund, Ltd. 1.47M 9.90% 1.47M FI Cayman Islands 2023-10-24
8 CVI Investments, Inc. 833.3K 7.80% 833.3K 833.3K CO 2023-02-09
9 Heights Capital Management, Inc. 833.3K 7.80% 833.3K 833.3K CO 2023-02-09
10 Bigger Capital Fund GP, LLC 159.5K 0.00% 10.0K 1.26M 10.0K 1.26M IN, OO USA 2022-03-07
11 Bigger Capital Fund, LP 159.5K 0.00% 10.0K 1.26M 10.0K 1.26M PN, IN USA 2022-03-07

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 2 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.01% 92.7K 0.65%
2 State Street SPDR Portfolio Emerging Markets ETF SPEM 0.00% 528.5K 0.07%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2024-07-18 Deller Geoff Officer D Common Shares 0 0.00 0
2024-06-25 WOLFE CURTIS ANDREW Officer D Common Shares 0 0.00 0
2024-01-01 Pruitt Shannon Director D Stock Options 625 14.40 9.0K 0
2024-01-01 Pierce Matthew Director / Officer D Stock Options 308 96.00 29.6K 0
2024-01-01 Peymani Keyvan Director D Common Shares 0 0.00 592
2024-01-01 Peachey Jon Alexander Officer D Stock Options 156 1,087.20 169.6K 0
2024-01-01 Goldner Luis Director 0 0.00 0
2024-01-01 Gahagan Michelle Director D Stock Options 95 1,008.00 95.8K 0
2024-01-01 Finster Craig Officer D Stock Options 308 96.00 29.6K 0
2024-01-01 Catzel David Director 0 0.00 0
2024-01-01 Barrera Juan Carlos Director 0 0.00 0
2022-02-28 Pierce Matthew Director / Officer D Warrants 260 460.80 119.8K 0
2022-02-28 Peymani Keyvan Director D Warrants 260 460.80 119.8K 0
2022-02-28 Finster Craig Officer D Warrants 13 460.80 6.0K 0

Executive team

Top executives
EBIT / Employee
-432.3K
Shares Outstanding
4.90M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2025-05-21 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-15 10-Q
2026-05-05 8-K
2026-04-16 8-K
2026-04-15 10-K
2026-04-01 NT 10-K
2026-03-03 8-K
2026-01-20 8-K
2026-01-16 25-NSE
2025-12-23 8-K
2025-12-11 8-K

Executive team

NameTitleCompensationGender
Luis Claudio Goldner CEO, Principal Financial Officer & Director 240.0K male
Jon Alexander Peachey Chief Technology Officer 168.8K male
Careen Yapp Business Development Consultant & Member of Advisory Board female
John Magee Vice President of Corporate Development male
Kelsey Chin Corporate Secretary female
ESG Rating
B
SOFTWARE - APPLICATION
Rank: 81 out of 279
2026
E (Environmental)
40.8 / 66.0
Company / Sector avg.
S (Social)
65.7 / 69.5
Company / Sector avg.
G (Governance)
58.1 / 67.5
Company / Sector avg.
ESG Total
54.8 / 67.7
Company / Sector avg.
ESG Score History SOFTWARE - APPLICATION
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend history

Earnings history

Earnings reports

Stock splits